Tajuk : Apple stock falls 3% as tax reform looks less likely
link : Apple stock falls 3% as tax reform looks less likely
Apple stock falls 3% as tax reform looks less likely
REUTERS/Rick Wilking
Tim Cook, Apple CEO.
Apple stock was down 3.3% at market close on Wednesday.
That’s a lot for any company, but Apple is the world’s most valuable company by market cap, and the drop wipes out billions in shareholder value.
Apple shares closed at $150.25 as opposed to $155.47 at close on Tuesday.
Apple stock was up 34% this year on anticipation that the next iPhone could spur a “super cycle” of sales as well as hopes that federal tax reform could enable Apple to bring home some of its $240 billion in cash and marketable securities that are held outside the United States at lower tax rates.
Apple’s CFO Luca Maestri has suggested that if the company were able to repatriate some of its overseas holdings at a lower tax rate, it would return some of the money to its shareholders.
But recent developments in Washington DC, especially allegations that President Trump may sought to end the FBI’s investigation into former National Security Adviser Michael Flynn, have reduced the chance that tax reform is immanent.
The Nasdaq 100 was down 2.3% and 100 of the 107 stocks in the index fell on the day.
Visit Markets Insider for constantly updated market quotes for individual stocks, ETFs, indices, commodities and currencies traded around the world. Go Now!
Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.
✍ Sumber Pautan : ☕ Business InsiderBusiness Insider
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REUTERS/Rick Wilking
Tim Cook, Apple CEO.
Apple stock was down 3.3% at market close on Wednesday.
That’s a lot for any company, but Apple is the world’s most valuable company by market cap, and the drop wipes out billions in shareholder value.
Apple shares closed at $150.25 as opposed to $155.47 at close on Tuesday.
Apple stock was up 34% this year on anticipation that the next iPhone could spur a “super cycle” of sales as well as hopes that federal tax reform could enable Apple to bring home some of its $240 billion in cash and marketable securities that are held outside the United States at lower tax rates.
Apple’s CFO Luca Maestri has suggested that if the company were able to repatriate some of its overseas holdings at a lower tax rate, it would return some of the money to its shareholders.
But recent developments in Washington DC, especially allegations that President Trump may sought to end the
The Nasdaq 100 was down 2.3% and 100 of the 107 stocks in the index fell on the day.
Visit Markets Insider for constantly updated market quotes for individual stocks, ETFs, indices, commodities and currencies traded around the world. Go Now!
Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.
✍ Sumber Pautan : ☕ Business InsiderBusiness Insider
Kredit kepada pemilik laman asal dan sekira berminat untuk meneruskan bacaan sila klik link atau copy paste ke web server : http://ift.tt/2rsiwUA
(✿◠‿◠)✌ Mukah Pages : Pautan Viral Media Sensasi Tanpa Henti. Memuat-naik beraneka jenis artikel menarik setiap detik tanpa henti dari pelbagai sumber. Selamat membaca dan jangan lupa untuk 👍 Like & 💕 Share di media sosial anda!
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Kini anda membaca artikel Apple stock falls 3% as tax reform looks less likely dengan alamat pautan https://timesnewmalaysia.blogspot.com/2017/05/apple-stock-falls-3-as-tax-reform-looks.html
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